Milkiland doubles milk output yoy in 1H12

Milkiland (MLK PW) increased milk production by twofold yoy to 8.5 ths mt in 1H12, an IR representative told Interfax yesterday. The company said that the launch of two dairy farms, originally planned for mid-2012, was postponed until the end of the year. Milkiland invested EUR 13 mln on the projects in 1H12, which when operating at full capacity can produce up to 60 mt of milk p.a. (enough to satisfy approximately 15% of the company’s needs). Milkiland is expected to release its 1H12 financial report tomorrow.